Stifel Nicolaus Reaffirms “Buy” Rating for Extended Stay America (STAY)

Stifel Nicolaus reissued their buy rating on shares of Extended Stay America (NYSE:STAY) in a report published on Tuesday, December 19th, MarketBeat Ratings reports. Stifel Nicolaus currently has a $19.50 target price on the stock, up from their prior target price of $19.25.

Several other brokerages also recently issued reports on STAY. Zacks Investment Research downgraded shares of Extended Stay America from a hold rating to a sell rating in a research note on Tuesday, October 17th. Robert W. Baird reiterated a buy rating and issued a $21.00 target price on shares of Extended Stay America in a research note on Thursday, October 12th. BidaskClub upgraded shares of Extended Stay America from a sell rating to a hold rating in a research note on Saturday, October 7th. Bank of America dropped their target price on shares of Extended Stay America from $24.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. Finally, Deutsche Bank decreased their price objective on shares of Extended Stay America from $23.00 to $21.00 and set a buy rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $21.17.

Shares of Extended Stay America (NYSE:STAY) traded up $0.44 during trading hours on Tuesday, reaching $20.50. 2,096,382 shares of the company were exchanged, compared to its average volume of 1,715,298. The stock has a market cap of $3,810.00, a PE ratio of 52.56, a PEG ratio of 3.22 and a beta of 0.98. Extended Stay America has a one year low of $15.43 and a one year high of $20.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The company had revenue of $350.86 million for the quarter, compared to analysts’ expectations of $359.70 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Extended Stay America’s quarterly revenue was down 1.0% compared to the same quarter last year. equities research analysts predict that Extended Stay America will post 0.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its position in shares of Extended Stay America by 122.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after acquiring an additional 2,867 shares during the last quarter. Cable Hill Partners LLC bought a new position in shares of Extended Stay America during the third quarter worth $104,000. The Manufacturers Life Insurance Company boosted its position in shares of Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after acquiring an additional 367 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Extended Stay America by 108.3% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after acquiring an additional 3,678 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Extended Stay America during the second quarter worth $148,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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About Extended Stay America

Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.

Analyst Recommendations for Extended Stay America (NYSE:STAY)

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